Financial Services Commission (FSC) Chairperson Lee Eog-weon is set to begin a weeklong tour of Europe, focusing on financial cooperation and key discussions with European counterparts. The trip, which starts on November 15, 2026, will take him to Switzerland, Germany, and the United Kingdom.
In Switzerland, Lee will participate in the Financial Stability Board (FSB) plenary, where global financial vulnerabilities, artificial intelligence, and stablecoins will be top agenda items. The discussions aim to strengthen international coordination on these critical financial issues.
In Frankfurt, Germany, Lee will meet with Frank Elderson, vice chair of the European Central Bank (ECB) Supervisory Board, to finalize a memorandum of understanding (MOU) on bank supervision between Korea and the European Union. This agreement, two years in the making, is expected to formalize bank supervisory cooperation between the two regions.
In London, Lee will engage in discussions with Member of Parliament John Slinger and Bronagh Masson, the Lord Mayor of the City of London, to boost investment and strengthen financial hubs. He will also meet with CEOs of major global financial firms, including Standard Chartered, Amundi, and Lloyds, to expand private-sector exchanges.
Additionally, Lee will host roundtables with Korean financial companies in Frankfurt and London to address regulatory challenges and seek support from foreign authorities.